Three Atlantic Canada companies merge to create larger commercial insurance brokerage

Bell & Grant Insurance Limited and Assurance Goguen Champlain – the former having 124 years of experience and the latter opening its doors in 1915 – will merge with Fraser & Hoyt Insurance (2011) Inc. to create the leading commercial insurance brokerage in Atlantic Canada.

The merger is expected to take effect Jan. 1, 2014, notes a statement last week announcing the merger. Goguen Champlain Insurance has operated in Moncton, N.B. for 67 years.

The three firms will continue to operate under their existing titles, although employees in Fraser & Hoyt’s Halifax office will relocate to a Bell & Grant office, the statement notes.

“Combined, we will enjoy greater access to insurance markets, a greater depth of expertise across a variety of markets and sectors, and the ability to serve our clients in both official languages,” says Phil Gaunce, president and CEO of Halifax-based Bell & Grant. “All of this results in better service and better solutions for our customers,” Gaunce suggests.

“Not only will our employees have the benefit and security of being part of the leading commercial insurance brokerage in the region, the larger organization will also provide increased opportunities for growth and advancement,” adds Bill Fraser, president and CEO of Fraser & Hoyt.